October 2024 Report
Single Family Homes in Santa Cruz County, All Cities, All Neighborhoods Change >
Average Price$1,494,430
-4.1%
Pending Properties128
-11.7%
Sale/List Price Ratio99.8%
-0.8%
Days of Inventory76
-24.6%
Trends at a Glance
| Trends At a Glance |
Oct 2024 |
Previous Month |
Year-over-Year |
| Median Price |
$1,325,000 (-5.4%) |
$1,400,000 |
$1,249,000 (+6.1%) |
| Average Price |
$1,494,430 (-4.1%) |
$1,558,680 |
$1,432,090 (+4.4%) |
| No. of Sales |
128 (+37.6%) |
93 |
107 (+19.6%) |
| Pending |
128 (-11.7%) |
145 |
81 (+58.0%) |
| Active |
324 (+0.3%) |
323 |
274 (+18.2%) |
| Sale vs. List Price |
99.8% (-0.8%) |
100.6% |
99.7% (+0.1%) |
| Days on Market |
39 (-5.2%) |
41 |
32 (+19.9%) |
| Days of Inventory |
76 (-24.6%) |
101 |
77 (-1.2%) |
Market Commentary
Sales of single-family, re-sale homes were up 19.6% compared to last October. There were 128 homes sold in Santa Cruz County last month. The average since 2000 is 157.
The median sales price for single-family, re-sale homes was up 6.1% year-over-year last month.
The average sales price gained 4.4%, year-over-year.
Inventory was up 18.2% compared to last October.
As of November 5th, there were 324 homes for sale in Santa Cruz County. The average since January 2003 is 681.
The sales price to list price ratio fell from 100.6% to 99.8%.
One-hundred & twenty-eight homes went into escrow last month, an increase of 58% compared to last year.
Days of Inventory fell from 101 to 76. The average since 2003 is one hundred and thirty-nine.
Days on market was thirty-nine. That is the time from when a home is listed to when it goes into contract.
The median sales price for condos was up 18.5% year-over-year. The average sales price fell 8.5%.
Condo sales were up 10.3% year-over-year. Thirty-two condos were sold last month.
Inventory was up 45.6%.
As of November 5th, there were eighty-three condos for sale in Santa Cruz County. The average since January 2003 is 141.
Days of inventory fell from one hundred & fifteen to seventy-eight.
It took thirty-one days, on average, to sell a condo last month.
If you are planning on selling your property, call me for a free comparative market analysis.